BEIJING, May 8, 2024
/PRNewswire/ -- Recently, Quhuo Limited (NASDAQ: QH) ("Quhuo"
or "the Company"), a leading gig economy platform focusing on local
community-centered services in China, announced a significant strategic
deployment: expanding SaaS+ service scenarios into medical care,
long-term residential housing, and elderly care apartments.
Leveraging the gig economy model, Quhuo aims to reduce costs and
increase efficiency for local life service providers, thereby
driving further development for both enterprises and the
industry.
In recent years, against the backdrop of increasing economic
uncertainty, the traditional direct employment model has been
unable to meet the flexible and varied human resource needs of
enterprises. The release of the "China Flexible Employment Blue
Book" in 2023 highlighted this trend, with nearly 70% of national
enterprises attempting to adopt gig economy methods, and over 35%
of positions now utilizing gig economy model. This shift not only
reflects the market's urgent demand for flexibility but also
signifies the rapid development of the "new gig economy."
Leveraging over a decade of deep accumulation in the field of
localized life services, Quhuo has developed a unique SaaS+ service
product through technological innovation and the gig economy model.
After years of development, it has provided human resource
management, financial management, data analysis, and other services
to more than 8,000 local life service providers in fields such as
homestays, hotels, housekeeping, laundry, and restaurant closure.
These services not only help businesses reduce costs and improve
efficiency but more importantly, broaden their revenue sources.
Building on this foundation, Quhuo plans to further expand its
horizons to the medical field, collaborating with leading
enterprises in medical institutions to provide comprehensive gig
economy model SaaS+ service solutions for cleaning, nursing, and
logistics positions. These solutions will cover various aspects
from recruitment of social personnel, employment management,
payroll settlement, to the construction of employee service
stations, fully addressing the flexible employment needs in the
medical field.
Simultaneously, Quhuo focuses on innovation and development in
the accommodation sector. Following the rural homestay business,
Quhuo will expand its operations towards long-term platforms and
elderly care apartments. Through cooperation with leading real
estate rental companies in China,
Quhuo plans to explore revitalization schemes for new and
second-hand properties, injecting new vitality into the rental
market. This will not only help landlords and rental companies
increase rental income but also provide tenants with more
high-quality accommodation options. According to Tong Ji, the
business head of Quhuo accommodation sector, the company plans to
pilot in Qinhuangdao, Hebei
province, in the second quarter of 2024, launching three products:
long-term residential housing, boutique apartments, and elderly
care apartments, marking another significant innovation in Quhuo's
accommodation services.
The successful application of SaaS+ services has not only
injected new momentum into the development of Quhuo's localized
life services but also provided new insights for the industry's
transformation and upgrading. In the future, Quhuo plans to expand
the market share of SaaS+ services in medical care, elderly care,
and long-term apartments, helping the company achieve rapid
business growth and empowering local life service enterprises to
overtake in the new economic situation.
About Quhuo Limited
Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company") is a
leading gig economy platform focusing on local life services
in China. Leveraging Quhuo+, its proprietary technology
infrastructure, Quhuo is dedicated to empowering and linking
workers and local life service providers and providing end-to-end
operation solutions for the life service market. The Company
currently provides multiple industry-tailored operational
solutions, primarily including on-demand delivery solutions,
mobility service solutions, housekeeping and accommodation
solutions, and other services, meeting the living needs of hundreds
of millions of families in the communities.
With the vision of promoting employment, stabilizing income and
empowering entrepreneurship, Quhuo explores multiple scenarios to
promote employment of workers, provides, among others, safety and
security and vocational training to protect workers, and helps
workers plan their career development paths to realize their
self-worth.
Safe Harbor Statements
This press release contains ''forward-looking statements''
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended and the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical or current fact
included in this press release are forward-looking statements,
including but not limited to statements regarding Quhuo's business
development, financial outlook, beliefs and expectations.
Forward-looking statements include statements containing words such
as
"expect," "anticipate," "believe," "project," "will"
and similar expressions intended to identify forward-looking
statements. These forward-looking statements are based on Quhuo's
current expectations and involve risks and uncertainties. Quhuo's
actual results and the timing of events could differ materially
from those anticipated in such forward-looking statements as a
result of these risks and uncertainties, which include, without
limitation, risks and uncertainties related to Quhuo's abilities to
(1) manage its growth and expand its operations, (2) address any or
all of the risks and challenges in the future in light of its
limited operating history and evolving business portfolios, (3)
remain in its competitive position in the on-demand food delivery
market or further diversify its solution offerings and customer
portfolio, (4) maintain relationships with major customers and to
find replacement customers on commercially desirable terms or in a
timely manner or at all, (5) maintain relationships with existing
industry customers or attract new customers, (6) attract, retain
and manage workers on its platform, and (7) maintain its market
shares in relation to competitors in existing markets and its
success in expansion into new markets, as well as the development
of the COVID-19 pandemic and its impact on Quhuo's business and
industry. Other risks and uncertainties are included under the
caption "Risk Factors" and elsewhere in the Company's filings with
the Securities and Exchange Commission, including, without
limitation, the final prospectus related to the IPO filed with the
SEC on July 10, 2020 and the
Company's latest annual report on Form 20-F. You are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
cautionary statement, and Quhuo undertakes no obligation to revise
or update any forward-looking statements to reflect events or
circumstances after the date hereof.
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SOURCE Quhuo Limited